Bill Text | History of Actions | Background | Title |
Description: Sales tax; impose on certain rentals of real property.
Bill Text: [Introduced]
| 1 | 01/26 (H) Referred To Ways and Means | |
| 2 | 03/31 (H) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Fleming
Code Sections: A 027-0065-0023, A 027-0065-0075, A 027-0065-0053
Title: AN ACT TO AMEND SECTION 27-65-23, MISSISSIPPI CODE OF 1972, TO IMPOSE A SALES TAX ON THE RENTING OR LEASING OF REAL PROPERTY, EXCEPT WHEN THE RENTING OR LEASING IS FOR THE USE OF THE LAND ONLY; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT 50% OF THE SALES TAX REVENUE FROM SUCH RENTALS OR LEASES WITHIN A MUNICIPALITY SHALL BE ALLOCATED FOR DISTRIBUTION AND PAID TO SUCH MUNICIPALITY; TO PROVIDE THAT 25% OF THE SALES TAX REVENUE FROM SUCH RENTALS OR LEASES WITHIN A COUNTY, REGARDLESS OF WHETHER INSIDE OR OUTSIDE A MUNICIPALITY, SHALL BE ALLOCATED FOR DISTRIBUTION AND PAID TO SUCH COUNTY; TO AMEND SECTION 27-65-53, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2004/html/History/HB/HB0616.htm